SUNNYVALE, Calif. (AP), Aug 04 - Federal authorities have raided a Silicon Valley college and arrested its CEO on suspicion of visa fraud.

The San Jose Mercury News (http://bit.ly/OxI73V ) reports that federal agents on Thursday raided Herguan University, an unaccredited college in Sunnyvale that has attracted foreigners with student visas.

CEO Jerry Wang was arrested at his Santa Clara home and charged in a 15-count indictment that could send him to prison for up to 23 years and lead to more than $1 million in fines.

The indictment claims the 32-year-old Wang and others at Herguan submitted false documents, false transfer letters and made false statements to federal regulators.

About 450 students, mostly from India, are enrolled at Herguan, which offers business and computer science degrees. It's unclear how the case will affect their visa status.